ECMOHO Limited (NASDAQ:MOHO) Short Interest Up 497.4% in May

ECMOHO Limited (NASDAQ:MOHOGet Rating) was the recipient of a significant increase in short interest in May. As of May 31st, there was short interest totalling 210,300 shares, an increase of 497.4% from the May 15th total of 35,200 shares. Based on an average trading volume of 1,540,000 shares, the days-to-cover ratio is currently 0.1 days.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC increased its holdings in shares of ECMOHO by 867.5% during the first quarter. Virtu Financial LLC now owns 155,460 shares of the company’s stock valued at $43,000 after acquiring an additional 139,391 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of ECMOHO by 25.7% during the first quarter. Renaissance Technologies LLC now owns 293,407 shares of the company’s stock valued at $82,000 after acquiring an additional 60,000 shares in the last quarter. Finally, Citadel Advisors LLC increased its holdings in shares of ECMOHO by 551.3% during the third quarter. Citadel Advisors LLC now owns 110,185 shares of the company’s stock valued at $67,000 after acquiring an additional 93,268 shares in the last quarter. Hedge funds and other institutional investors own 0.97% of the company’s stock.

NASDAQ MOHO opened at $0.22 on Friday. The company has a market cap of $6.85 million, a price-to-earnings ratio of -0.16 and a beta of 1.30. ECMOHO has a 52 week low of $0.15 and a 52 week high of $1.94. The business has a 50 day moving average price of $0.20 and a 200-day moving average price of $0.30.

About ECMOHO (Get Rating)

ECMOHO Limited, an investment holding company, operates as an integrated solution provider in the non-medical health and wellness market. The company offers health supplements and food, mother and child care products, personal care products, and household healthcare equipment and cleaning products. It also operates an online e-commerce platform.

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